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The ETUC supports the European Parliament’s call for an FTT

Brussels, 24/05/2012

“The vote sends a strong signal to governments to move ahead with the FTT. It has the backing not only of Europe’s workers and citizens, but political parties across Europe
”, said Veronica Nilsson, Confederal Secretary of the ETUC.

The ETUC has long called for the introduction of an FTT not least in order to curb financial speculation, ensure that the financial sector contributes to covering the costs of the crisis and raise much needed revenue to governments. The ETUC believes that the scope of the tax should be broad and cover all financial transactions, and does not share the idea to make exemptions for certain funds.

With this decisive majority in support of the FTT, the European Parliament has shown that it has listened to the voice of the European people. It is now high time for the Member States to do the same.